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The New Daily
The New Daily
Sezen Bakan

‘Alarming’: Postcodes being used to determine credit scores

United States Equifax
Your neighbour's dodgy bill-paying habits could be dragging down your credit score. Photo: TND/Getty

Your current address could prevent you from buying your dream home after a major credit reporting agency started including postcode data in its application assessments.

Equifax produces credit scores, which are used by banks to help determine a loan applicant’s creditworthiness.

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